Jinshan Energy Enters Hydrogen Energy, Joining Forces with Well-known Canadian Hydrogen Energy Enterprises

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On March 15, Kingsoft Energy Group Co., Ltd. (hereinafter referred to as "Kingshan Energy") released a strategic cooperation agreement.

According to the announcement, Kingsoft Energy and Canada Energy Star Corporation (hereinafter referred to as "Energy Star") entered into a strategic cooperation agreement, pursuant to which the parties will form a strategic alliance to develop the hydrogen energy industry chain in Ordos, Inner Mongolia, People's Republic of China It also takes advantage of the high-yield and low-cost advantages of industrial by-product hydrogen in Inner Mongolia and photovoltaic green hydrogen to build a hydrogen supply and hydrogenation chain through co-built or self-built hydrogen refueling stations, open up the lifeline of fuel cell vehicles, and promote hydrogen production, storage, transportation, and application. Integrated development.

The parties will cooperate in four key sectors, namely (i) hydrogen fuel cell system production; (ii) hydrogen fuel cell vehicle sales; (iii) hydrogen refueling stations; and (iv) hydrogen fuel cell heavy truck operation (" strategic cooperation").

According to the data, Jinshan Energy is a listed company in Hong Kong stock market. Its main businesses include oil and natural gas exploration and production, silver mining, asset financing services, tourism services, photovoltaic power generation and bulk commodity trading.

In recent years, Kingsoft Energy has actively diversified its business and invested in new environmental protection energy, solid waste treatment and new materials. Among them, new energy mainly focuses on technology research and development, equipment and product manufacturing, project investment and Operations management, etc.

However, from the performance point of view, the diversified development of Jinshan Energy is not satisfactory, and it has suffered losses for many years. To this end, Jinshan Energy has chosen hydrogen energy as a new business.

ENERGY STAR, the partner of this time, formerly known as the Hydrogen Fuel Engineering Research Laboratory established by General Motors of the United States and Shuijineng of Canada, is a research and development and production of hydrogen fuel cell membrane electrodes, stacks, modules and systems, and testing equipment. High-tech research institutions operating business.

A number of ENERGY STAR hydrogen fuel cell research and development achievements have reached the highest level in the international hydrogen energy field; its business covers more than 20 countries and regions such as Canada, the United States, China, Japan, France, and Norway, and the hydrogen fuel cell products developed by ENERGY STAR are safe, With high stability, reliability and consistency, it is widely used in the US Department of Defense, NASA, US General Motors, US Ford Motor, US Cummins Motors and other enterprises and departments.

In 2021, ENERGY STAR established a domestic subsidiary, Yipai Hydrogen Energy Technology (Shanghai) Co., Ltd., and wholly-owned Jiangsu Xingbang Energy Technology Co., Ltd. Introduced the research and development, production and processing of other hydrogen fuel cell components such as bipolar plates, electrolytes, catalysts, gas diffusion layers, air compressors, water pumps, hydrogen pumps, hydrogen storage devices, humidifiers, etc.; The most advanced and most complete hydrogen fuel cell core component project cluster.

The establishment of the joint venture between the two parties will promote the development of their respective hydrogen energy businesses and contribute to the development of the hydrogen energy industry chain in Ordos.

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